SAN ANTONIO, Dec. 2, 2013 /PRNewswire/ -- Valero Energy
Partners LP, a limited partnership formed by Valero Energy
Corporation (NYSE: VLO, "Valero"), announced today that it has
commenced an initial public offering of 15,000,000 common units
representing limited partner interests pursuant to a Registration
Statement on Form S-1 previously filed with the U.S. Securities and
Exchange Commission ("SEC"). The underwriters of the offering
are expected to be granted a 30-day option to purchase up to an
additional 2,250,000 common units from Valero Energy
Partners. The common units are expected to trade on the New
York Stock Exchange under the ticker symbol "VLP."
(Logo:
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The common units being offered represent a 25.5 percent limited
partner interest in Valero Energy Partners, or a 29.4 percent
limited partner interest if the underwriters exercise in full their
option to purchase additional common units. Valero, through
certain of its subsidiaries, will own the remaining limited partner
interests in Valero Energy Partners, as well as the 2 percent
general partner interest.
J.P. Morgan, Barclays, Citigroup, RBC Capital Markets and Wells
Fargo Securities are acting as joint book-running managers for the
offering. Mitsubishi UFJ Securities, SunTrust Robinson
Humphrey, Credit Agricole CIB, Credit Suisse, Jefferies, Mizuho
Securities, RBS and Scotiabank / Howard
Weil are acting as co-managers.
The offering is being made only by means of a prospectus.
When available, copies of the preliminary prospectus may be
obtained from:
J.P. Morgan
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
Barclays
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
barclaysprospectus@broadridge.com
Telephone: (888) 603-5847
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
batprospectusdept@citi.com
Telephone: (800) 831-9146
RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281-8098
Telephone: (877) 822-4089
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
cmclientsupport@wellsfargo.com
Telephone: (800) 326-5897
To obtain a copy of the preliminary prospectus free of charge,
visit the SEC's website at www.sec.gov and search under
"Valero Energy Partners LP."
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sales of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About Valero Energy Partners LP
Valero Energy Partners
LP is a fee-based, growth-oriented, traditional master limited
partnership formed by Valero Energy Corporation to own, operate,
develop and acquire crude oil and refined petroleum products
pipelines, terminals and other transportation and logistics assets.
With headquarters in San Antonio,
Valero Energy Partners' assets include crude oil and refined
petroleum products pipeline and terminal systems in the Gulf Coast
and Mid-Continent regions of the United
States that are integral to the operations of Valero's
refinery located in Port Arthur,
Texas, its McKee refinery located in Sunray, Texas, and its refinery located in
Memphis, Tennessee.
Contacts
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Investors:
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John Locke,
210-345-3077, john.locke@valero.com
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Ashley Smith,
210-345-2744, ashley.smith@valero.com
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Media:
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Bill Day,
210-345-2928, bill.day@valero.com
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Forward-Looking Statements
This press release may include forward-looking statements.
These forward-looking statements involve risks and uncertainties,
including risks relating to the securities markets generally.
When considering these forward-looking statements, you should keep
in mind the risk factors and other cautionary statements in the
preliminary prospectus. Valero Energy Partners LP undertakes
no obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after this
press release. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release.
SOURCE Valero Energy Partners LP